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South Africa

Transactions Processing Officer

Company Letshego Holdings Limited
Reference # TPS
Published 18/11/2021
Contract Type Permanent
Salary Market Related
Location Windhoek, Khomas Region, Namibia
Introduction
Purpose of the Job:
To ensure the efficient processing and control of Payments and Settlement functions in accordance with established procedures with additional daily tasks as directed by the departmental Supervisor / Manager.
Job Functions Banking
Industries Banking / Finance & Investment
Specification
Key Accountabilities:
1)Daily processing, control of related financial transactions and inward / outward EFT, Cards and NISS transactions in accordance with documented procedures and in accordance with the various settlement windows (Namclear, NISS)
2)Ensure all payments and settlements are made on time in accordance with local cut-off times and documented procedures
3)Monitor and report daily position of Bank of Namibia settlement accounts
4)Provide Supervisor with updated information on outstanding items to minimize risk.
5)Daily verification, matching of all clearing and settlement accounts (EFT Suspense, Unpaid etc.) and investigate / query all outstanding and unmatched / open entries.
6)Monitor and provide supporting comments daily, weekly and monthly on aging entries outstanding on the clearing related accounts to Supervisor
7)Running and execution of daily reports
8)Preparation of daily, weekly and monthly reconciliations for submission to Supervisor (as per departmental and Finance department reconciliation plan)
9)Prompt and accurate delivery of funds to customers and banks to create a positive corporate image and minimize claims.
10)Filing and Archiving: maintain and manage treasury and settlement files, bank records, financial logs and reports
11)Maintain, manage and update settlement data
12)Review and ensure compliance with policies and procedures and country regulatory requirements
13)Provide support on audit issues pertaining to operational issues, including management response, follow up, correction and reporting
14)Complete training and development activities including mandatory AML training
15)All other duties aligned with Payments and settlements as directed by Management,
16)Involvement/participation and testing of projects activities within the payments and settlements space affecting the bank and/or industry.
Requirements

Knowledge and Experience Required of Job Holder:
1)Grade 12 certificate with 25 points , and Diploma/Degree in relevant field will be added advantage
2)Demonstrate a good level of ability in both English and Mathematics
3)Minimum of 2 years’ experience in a banking operations / treasury, payments and settlement environment

SKILLS:
1.Strong Influencing, Communication & Interpersonal Skills
2.Problem Analysis & Decision Making Skills, Time Management, Planning & Organization Skills
3.Hands-on knowledge of Operational control / Reconciliation functions
4.Ability to think innovatively and drive change
5.Proficiency with Microsoft suite of products primarily word and Excel Spreadsheet
6.Ability to multi task and work under pressure and to tight deadlines
7.Ability to interact at all levels across bank
Job Closing Date 03/12/2021
   
   
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Last Updated: 30-6-2021 [21.06.02.21]
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